DigitalDrifter
Diamond Member
- Feb 22, 2013
- 49,023
- 27,677
Of course not, they'll spend the money going after small business owners.
PERSONAL FINANCE
PERSONAL FINANCE
Biden’s $80 billion plan to beef up IRS audits may target wealthy small business owners
- President Joe Biden wants to boost IRS funding by $80 billion over the next decade to fight tax evasion from wealthy Americans and corporations.
- The measure would beef up IRS staffing and improve technology, bringing in an estimated $700 billion in revenue over 10 years.
- There may be an uptick in small business tax audits and financial experts offer tips to avoid trouble.
Biden's $80 billion plan to beef up IRS audits may target wealthy small business owners
President Joe Biden wants to increase funding for the IRS by $80 billion to boost enforcement for tax evasion. The move may spark more small business audits.
www.cnbc.com